“This is the new wave, the new trend,” Wang Huiyao, founder and president of the Beijing-based Center for China and Globalization, told me. “We had the globalization of trade, we had the globalization of capital, and now we have the globalization of talent.”

“Increasingly, immigrants who live elsewhere are being viewed as assets,” Boyle said. “This is a paradigm shift; this is a seismic shift. The notion of brain drain is ridiculed — instead, it is ‘brain circulation.’ The notion is that people can return as tourists, that people can be ambassadors for their home countries, that people can serve as business agents.”

“It is no longer about brain drain, or even brain gain,” Wang agreed. “It is about global brain circulation.”